Minnesota Federal Savings & Loan Ass'n v. Central Enterprises of Superior, Inc.

Rogosheske, Justice.

These appeals challenge the trial court’s findings and determination of the liability of defendant Leonard C. Underdahl (Underdahl) as guarantor and Universal Mobile Services Corporation (Mobile) for losses sustained by plaintiff, Minnesota Federal Savings and Loan Association. (Minnesota Federal), arising out of the latter’s financing, under a trust receipt security agreement commonly called a “dealer’s floor plan,” the purchase of mobile home units for resale by defendant Central Enterprises of Superior, Inc. (Central), a mobile home dealer. Although we affirm Central’s…